Safe Deposit box at Wisma MPL is closed down on 15th MArch 2011. Not enough customer.

I written few articles on Safe Deposit boxes.

You can view it at the URL below.

http://silvermalaysia.blogspot.com/2011/03...eposit-box.html
http://silvermalaysia.blogspot.com/2011/03...x-operator.html
http://silvermalaysia.blogspot.com/2011/03...deo-taking.html

enjoys!

by right you need a moving camera and not a fix one, because there must be a video proof that you enter the safe deposit facilities, open the box , close the box.
Then there is no dispute that this is not the facilities that you video, and the box does not belong to you. Since the box number is also recorded.

Some banks may have restriction on what you can video and what U can't because strong room is a private facilities.
You need an assistant lah. Co-hirer.

Hi Cuebiz,

If the Company goes bankrupt nothing will happen to your items in the SDB because the Court can only order items that belongs to the company to be sold, in other words to be auctioned. The items in the SDB do not belong to the company, the court or the company has no jurisdiction over these items. As such you will get back your items without any problem, unless of course the owners break open yr box and disappear with yr items.

This is interesting. How can you know or gauge if this could happen. Look at the willingness of Insurance Companies to underwrite the risk for the Safe Deposit Boxes. If the Insurance Company is not willing to provide outright cover of more than RM10K, then I would be concerned.

Looking at the 3 main players in the market only RSDB provides outright Insurance Coverage of up to RM100K and max of RM300K. I am sure the Insurance people's risk consultant would have done their survey and given their green light to RSDB. So there you go.

And for those who do not know BNM has got nothing to do with the SDB services provided by the banks. Is there anyone out there who knows what part BNM played in assisting the clients of Maybank and Public Bank who's SDBs were robbed. Nothing, BNM did nothing.

And the PIDM insurance (which, according to The Star pg B1 dated May 12, 2010 is going to be increased to RM250K per account) too does not cover your items in any bank's Safe Deposit Boxes. I have personally called them up to verify this. That insurance covers only your accounts. So do not be to enthusiastic about the PIDM insurance.

Simond

See the locations where you can find a safe deposit box at:

http://www.savershub.com/my/en/business.ph...+Valley&lang=en